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How To Use A Short-Term Personal Loan To Improve Your Credit Score ?


personal loan to build credit scoreA credit score is a 3-digit number generated by credit information agencies such as CIBIL, CRIF ,Experian,Equifax etc ,based on which banks and NBFCs (Non Banking Financial Corporations, such as loan and insurance companies, co-operative banks, stock broking firms, etc.) evaluate a person’s creditworthiness ie their capacity and willingness to repay loans extended to them on time. Based on this assessment companies accept or reject loan applications.

The different credit score ranges and their grades are as follows –

credit score ranges Read more of this post

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Effect Of Long Term Capital Gains Tax On Equity Investments


Effect Of Long Term Capital gains tax On Equity Investments

SEBI Classification Of Mutual Funds


SEBI Classification Of Mutual Funds

 

 

 

 

 

 

 

 

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The Life Savers Called Online FDs


wealthymattersThe one good think about fixed deposits is the absolute predictability of returns, as long as they are not closed prematurely. Add to this that unlike a lot of other fixed income instruments, fixed deposits are available for all tenures upto 10 years, and you can now use fixed deposits to design your own financial products.

The only drawback is the extremely low deposit insurance  in India.The Deposit Insurance and Credit Guarantee Corporation provides insurance to each customer of a Scheduled Bank for deposits up to Rs 1 lakh in case of  bank failure. This limit is applicable across all the deposits, including savings, current, fixed and recurring. This limit remains Rs 1 lakh even if the sum of all deposits (including accrued interest) exceeds the same. Worse, non-scheduled banks ,companies and other institutions offering fixed deposits don’t provide this small comfort either. Of of what use is predictability of returns if basic security and return of capital is not guaranteed ? Read more of this post

How To Switch Your Car Insurance Policy


When your car insurance policy is slated for renewal, the norm of thought and practice is to quickly pay the premium and stay with the same insurance provider you’ve been with for years. But ,I think, just like upgrading your car, you should switch your car insurer every few years and ensure yourself the best deal possible.

Here are simple steps to make a successful switch:

Carefully Compare Policies
When you decide it is time to move on from your current car insurer, first be sure to shop around and compare policies. With the arrival of ‘comparison websites’, not only can you scout for car insurance online, but you can also compare policies side by side. During your analysis, consider important factors like total coverage, deductibles, limits, benefits and other features before finalising the best fit for you. Read more of this post

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